Shanes Special Shoes Pro Forma Journals Essay Example

Shane’s Special Shoes Pro Forma Journals

MAA261 Assessment 2 Case Study

Name Yonghua Chen

ID 214372461

Cash received entries

received

Sales tax

Stock sold

Sales discount

Refference no

brownies

Sales revenue

Feet n stuff

Feet n stuff

Sales revenue

Cash Paid Journal

Discount received

Cheque no

interest

boundays

Clearblue

Aura electricity

Opus billing

Australian

Ruthless real estate

insurance

Bank charges

Journal entries on sales

Refference

Stock cost

4/7/2014

Feet n stuff

Journal entry on purchases

refference

Deep sky shoe

Clearblue bootmakers

LEDGERS ENTRIES

DEBTOR ACCOUNTS

Autheys 102-1

discount

0

discount

Brownies 102-2

discount

0

Feet n Stuff 102-3

discount

0

Froggys 102-4

4/7/2015

discount

Return outwards

STOCK accounts

Aquanita 103-1

purchases

0

Blithe 103-2

purchases

Constanta 103-3

8/7/2015

purchases

Dryburgh 103-4

4/7/2015

purchases

0

Creditors’ accounts

Andos 200-1

discount

0

Boundys 200-2

discount

0

discount

0

ClearBlue Bootmakers 200-3

discount

0

purchase

Reurn outwards

Deep Sky 200-4

purchases

discount

21/7/2015

discount

0

Accounts

22,609Dr

SUPPLIES ON HAND 101

Closing stock

SALES CONTROL ACCOUNT 102

14,020Dr

Total sales

Cash receipts

Sales return

Bad debts

Discount allowed

STOCK 103

13,750Dr

purchase

STOCK loss

aquanita

Blithe 48*165

Constaunta 28*220

PREPAID ADVERTISING 104

PREPAID INSURANCE 105

Insurance expense

0

PREPAID RENT 106

Rent expense

1/8/2015

GST PAID 107

DELIVERY VEHICLES – AT COST 150

20,000Dr

ACCUMULATED DEPRECIATION (DELIVERY VEHICLES) 151

accumulated

FURNITURE & FITTINGS – AT COST 160

ACCUMULATED DEPRECIATION – FURNITURE & FITTINGS 161

31/7/2014

depreciation

OFFICE EQUIPMENT 170

ACCUMULATED DEPRECIATION – OFFICE EQUIPMENT 171

depreciation

PURCHASES CONTROL ACCOUNT 200

purchases

Cash purchases

Discount received

TELEPHONE PAYABLE 201

ELECTRICITY PAYABLE 202

INTEREST PAYABLE 203

Interest expense

0

GST COLLECTED 204

31/72015

PAYG PAYABLE 205

WAGES PAYABLE 206

BANK LOAN 250

10,000Cr

CAPITAL ACCOUNT 300

53,387Cr

DRAWINGS 301

SALES INCOME 400

13/7/2015

SALES RETURNS & ALLOWANCES 401

Clear line

SALES DISCOUNT 402

COST OF STOCK SOLD 500

1/7/2015

Opening stock

31/7/2015

purchases

Closing stock

DISCOUNT RECEIVED 501

31/12/15

purchases

STOCK LOSS 502

constanta

ADVERTISING EXPENSE 601

Bank (the age)

BAD AND DOUBTFUL DEBTS EXPENSE 602

Accont receivable

BANK CHARGES 603

DEPRECIATION EXPENSE – MOTOR VEHICLES 604

accumalted

DEPRECIATION EXPENSE – FURNITURE & FITTINGS 605

DEPRECIATION EXPENSE – OFFICE EQUIPMENT 606

ELECTRICITY EXPENSE 607

INSURANCE 608

Prepaid insurance

RENT EXPENSE 609

SUPPLIES EXPENSE 610

Supplies on hand

TELEPHONE EXPENSE 611

WAGES EXPENSE 612

INTEREST EXPENSE 613

Trial BALANCE.

As at 31st July 2015

Supplies on hand

Acc receivable

Opening stock

Prepaid insurance

Prepaid rent

Motor vehicle

furniture

Office equip

Acc payable

Bank loan

Sales returns

Discount allowed

Advertisement expense

Bad and doubtful debts

Bank charges

Insurance, rent

Supplies expense

purchases

DEBTOR Schedule

as at 31st July 2015

Autheys Shoe Shop

Brownies Boots

0

Feet “n” Stuff

0

Froggys Footwear Centre

STOCK schedule

as at 31st July 2015

Aquanita Regular Shoes

Blithe Universal Shoes

Constanta Select Shoes

Dryburgh Exclusive Shoes

0

creditors schedule

as at 31st July 2015

Andos Leather Supplies

0

Boundys Shoe Manufacturer

0

ClearBlue Bootmakers

Deep Sky Shoe Suppliers

0

Profit and loss

for the month ending 31st July 2015

Less sales return

Less cost of sales

Cost of sales

Gross profit

Less expense

Depreciation

Bank charges

Insurance and rent

Discount allowed

Bad debts

Net profit

Equity changes

for the month ending 31st July 2015

Opening equity

Net profit

Bank Reconciliation Statement

as at 31st July 2015

BAL. as per cash book

Direct deposit

Less unpresented cheque

Less charges

Bank BAL.

Balance sheet

as at 31st July 2015

Fixed assets

Delivery vehicle

Furniture and fittings

Office equipment

Current assets

Account receivable

prepayments

Current liabilities

Account payable

accruals

Net assets

Financed by